Two-Bedroom Condominium with
For Sale
$375,000
19355 CYPRESS RIDGE TERRACE Unit 514, Leesburg, VA 20176
An enclosed sunroom frames elevated Potomac River views, while assigned parking and storage add practical convenience.
Property Size1,038 SF
Price / SF$361.27
Days on Market79
Property Features for 19355 CYPRESS RIDGE TERRACE Unit 514
General Information
Standard status
Active
Size
1,038 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,555
Amenities
glass-enclosed sunroom
indoor pool
sauna
fitness center
billiards and game rooms
tennis and pickleball courts
Building Details
Building Size
1,038 SF
Year Built
2006
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 11
Changed: Oct 27
Last Checked: Oct 26 at 1:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Investment Insights
Based on property information with market context.
This 1,038-square-foot condominium was built in 2006 and has two bedrooms and two full bathrooms. Recent interior work includes new paint, luxury vinyl plank flooring, contemporary lighting, and a new stove. The kitchen has stainless steel appliances and granite countertops, and opens to the living and dining areas. A glass-enclosed sunroom provides elevated views of the Potomac River. The unit also includes an assigned parking space beside the lobby entrance, cabinets at the parking space, and a separate assigned storage unit.
Lansdowne Woods is a 55+ community with an indoor pool, sauna, fitness center, billiards and game rooms, and tennis and pickleball courts. Restaurants, shopping, Inova Fairfax/Loudoun Medical Center, Dulles International Airport, and Route 7 are described as 10 minutes away.
Lansdowne Woods is a 55+ community with an indoor pool, sauna, fitness center, billiards and game rooms, and tennis and pickleball courts. Restaurants, shopping, Inova Fairfax/Loudoun Medical Center, Dulles International Airport, and Route 7 are described as 10 minutes away.
Key Highlights
- 1,038‑square‑foot residence with two bedrooms and two full bathrooms
- Enclosed sunroom with elevated views of the Potomac River
- Assigned parking beside the lobby, with storage cabinets at the space and a separate assigned storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,189
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,780
$323.8K
Cap Rate 7%
$231,271
$231.3K
Cap Rate 9%
$179,878
$179.9K
Market Conditions
NOI Build-Up for 1,038 SF
Gross rent
$31.5K $30.36/SF
− Vacancy
−$2.1K −$2.00/SF
EGI
$29.4K $28.36/SF
− OpEx
−$13.2K −$12.76/SF
NOI
$16.2K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,780
Cap Rate 7%
$231,271
Cap Rate 9%
$179,878
Alternative Uses
Best Use
Apartment 5plus
$231.3K
$202.4K – $269.8K
NOI $16,189 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$325.3K
$284.6K – $379.5K
NOI $22,771 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
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Business Placement
Demographics for 20176, VA
51,777
Population
17,044
Households
3
Avg Household Size
38
Median Age
59%
College-Educated
94%
High-School Grad
54.9 sq mi
ZIP Area
943
Density / Sq Mi
$166,870
Median Household Income
$67,473
Median Earnings
$2,089
Median Rent
$702,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An enclosed sunroom frames elevated Potomac River views, while assigned parking and storage add practical convenience.
Where is this residential income property located?
The property is located at 19355 CYPRESS RIDGE TERRACE Unit 514 Leesburg, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,038‑square‑foot residence with two bedrooms and two full bathrooms; Enclosed sunroom with elevated views of the Potomac River; Assigned parking beside the lobby, with storage cabinets at the space and a separate assigned storage unit
